Oregon Revised Statutes Chapter 307 § 307.231 — Annual

Annual fee payable by taxpayer for property to which project grant relates; fee to be collected in same manner as property taxes; distribution of fee moneys; city or county obligation for unpaid agency loan amounts. (1) Unless repayment of the agency loan made under ORS 307.221 has been otherwise provided for under ORS 307.223, the fee payer for eligible housing project property that has been granted exemption under ORS 307.227 shall pay an annual fee for the term that shall be the presumptive number of property tax years for which the property is granted exemption under ORS 307.227 (3)(b). (2)(a) The amount of the fee for the first property tax year in which repayment of the agency loan is due under ORS 307.229 (1) shall equal the total of: (A) The portion of the increment determined under ORS 307.218 that is attributable to the eligible housing project property to which the fee relates; and (B) The administrative costs described in ORS 307.221 (3) divided by the term of the project grant agreement entered into under ORS 307.225. (b) For each subsequent property tax year, the amount of the fee shall be 103 percent of the amount of the fee for the preceding property tax year. (3)(a) Not later than July 15 of each property tax year during the term of the fee obligation, the sponsoring jurisdiction shall certify to the assessor each fee amount that became due under this section on or after July 16 of the previous property tax year from fee payers with respect to eligible housing projects located in the sponsoring jurisdiction. (b) The assessor shall place each fee amount on the assessment and tax rolls of the county and notify: (A) The sponsoring jurisdiction of each fee amount and the aggregate of all fee amounts imposed with respect to eligible housing project property located in the sponsoring jurisdiction. (B) The Housing and Community Services Department of each fee amount and the aggregate of all fee amounts with respect to all eligible housing project property located in the county. (4)(a) The assessor shall include on the tax statement of each tax account that includes exempt eligible housing project property the amount of the fee imposed on the fee payer with respect to the eligible housing project property. (b) The fee shall be collected and enforced in the same manner as ad valorem property taxes, including nonexempt taxes, are collected and enforced. (5)(a) For each property tax year in which a fee is payable under this section, the treasurer shall: (A) Estimate the amount of operating taxes as defined in ORS 310.055 and local option taxes as defined in ORS 310.202 levied by fire districts that would have been collected on eligible housing project property if the property were not exempt; (B) Distribute out of the fee moneys the estimated amounts determined under subparagraph (A) of this paragraph to the respective fire districts when other ad valorem property taxes are distributed under ORS 311.395; and (C) Transfer the net fee moneys to the Housing and Community Services Department for deposit in the Housing Project Revolving Loan Fund established under ORS 307.237 in repayment of the loans to which the fees relate. (b) Nonexempt taxes shall be distributed in the same manner as other ad valorem property taxes are distributed. (6) Any person with an interest in the eligible housing project property on the date on which any fee amount becomes due shall be jointly and severally liable for payment of the fee amount. (7) Any agency loan amounts that have not been repaid when the fee payer has discharged its obligations in full under this section remain the obligation of the sponsoring jurisdiction that obtained the agency loan from the department under ORS 307.221. (8) Any fee amounts collected in excess of the agency loan amount shall be distributed in the same manner as other ad valorem property taxes are distributed. [2024 c.110 §32; 2025 c.530 §19] Note: See note under 307.213.